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It found that 39% of the total business entities (3,843 firms) saw a deterioration in any one of the three risk variables in Q1 FY 2022, 10 percentage points higher than the previous quarter.
New Delhi–The business risk environment in India deteriorated in the fourth quarter of FY 2021, according to a Quarterly Risk Transition Report by Rubix Data Sciences. It noted that the Rubix GST Compliance Score of 2,292 business entities (22 per cent of the total number being monitored) deteriorated between Q3 FY 2021 and Q4 FY 2021.In the prior quarter, only 8 per cent of the business entities had witnessed a drop in their Rubix GST Compliance Score. “This indicates a deterioration in the risk environment in India in Q4 FY 2021 compared with the prior quarter,” it said. The report wa...
Trade in Asia-Pacific to bounce back in 2020 The key Indian equity indices traded in the negative territory on Wednesday morning a largely volatile trade. Around 10.26 a.m., Sensex was trading at 50,083.31, lower by 110.02 points or 0.22 per cent from its previous close of 50,193.33. It opened at 50,088.81 and has so far touched an intra-day high of 50,279.01 and a low of 50,015.57. The Nifty50 on the National Stock Exchange was trading at 15,087.20, lower by 20.90 points or 0.14 per cent from its previous close. Heavy selling was witnessed in auto and banking stocks, however, gains in auto...
India's business risk environment deteriorates in Jan-Mar: Report Pixabay The business risk environment in India deteriorated in the fourth quarter of FY 2021, according to a Quarterly Risk Transition Report by Rubix Data Sciences. It noted that the Rubix GST Compliance Score of 2,292 business entities (22 per cent of the total number being monitored) deteriorated between Q3 FY 2021 and Q4 FY 2021.In the prior quarter, only 8 per cent of the business entities had witnessed a drop in their Rubix GST Compliance Score. "This indicates a deterioration in the risk environment in India in Q4 FY 202...
Rubix Data Sciences, a technology and analytics-based B2B Risk Management and Monitoring platform, raised Rs 6.2 crore in its second round of funding. The round saw participation from institutional investor Cactus Venture Partners, family offices and high net worth individuals (HNIs). The funds raised in the current round will be invested in enhancing the technology and analytics capabilities of the Rubix Automated Risk Management and Monitoring System (ARMS) platform, said the company in a statement. Mohan Ramaswamy, Co-Founder, CEO of Rubix Data Sciences, said, "As Covid-19 impacts the g...